Topic: Provisional liquidation
Cayman court appoints “soft-touch” JPLs to block Hong Kong winding-up
A Cayman court has accepted a Chinese plastic manufacturer’s request to enter provisional liquidation on a “soft-touch” basis, so that it could see off official liquidation in Hong Kong.
05 November 2020
Bermudian insurer’s provisional liquidators look to seize US investments
The Bermudian provisional liquidators of an insolvent insurance company have requested Chapter 15 recognition of their appointment in Florida, seeking to take control of its US assets following regulatory breaches at the company.
04 November 2020
New York court receives recognition requests for two Bermudian proceedings
The provisional liquidators of a Bermuda-incorporated investment holding company and the liquidators of a Bermudian water company are seeking Chapter 15 recognition of their appointments, in separate proceedings filed in New York in September.
01 October 2020
Deloitte appointed as KS Energy subsidiaries enter interim JM
Deloitte partners Andrew Grimmett and Justin Lim have been appointed as interim judicial managers over two subsidiaries of oil and gas group KS Energy in Singapore, after the group failed to come to an agreement with its largest creditor.
21 September 2020
Carey Olsen hires new BVI dispute resolution leader
Offshore firm Carey Olsen has hired a new head for its dispute resolution and litigation practice in the British Virgin Islands, from Maples Group.
14 September 2020
Hong Kong court urges consistency in recognition requests
A Hong Kong court has recognised the Bermudian “soft-touch” provisional liquidations of a metals company and a commodities trader, but has asked for consistency from foreign officeholders and courts seeking assistance.
08 September 2020
Can legal liberalisation rescue businesses from covid-19 catastrophe?
Mayer Brown partners Trevor Borthwick and Devi Shah in London, Tom Pugh in Hong Kong and counsel Monique Mulcare in New York ask: is further legal liberalisation needed to stimulate the rescue of viable companies affected by the covid-19 pandemic?
07 September 2020
Cayman court approves landmark cross-border communications protocol
A Cayman Islands court has approved a cross-border communications protocol for the first time, agreeing a process for working with courts in New York, Chile and Colombia on Chilean airline LATAM’s restructuring.
27 August 2020
Campbells hires new managing partner in Hong Kong
Offshore law firm Campbells has hired Shaun Folpp from Mourant to take over the management of its Hong Kong office.
21 August 2020
Cayman court curtails freezing order against China’s answer to Starbucks
A Cayman court has declined to extend a worldwide freezing order against China’s Luckin Coffee chain, which entered provisional liquidation in July after confirming it misstated its 2019 accounts.
13 August 2020